Announced
Completed
Financials
Tags
Acquisition
Private
Majority
Life Insurance
Netherlands
Single Bidder
pension consulting
Domestic
Friendly
Completed
Synopsis
Athora Netherlands, an insurer in the Dutch market, completed the acquisition of the premium pension institution of Willis Towers Watson, a global advisory, insurance brokerage, and solutions company. Financial terms were not disclosed. "The merger with WTW’s PPI, one of the highest rated pension providers in the Netherlands, gives an extra boost to the growth and strength of our defined contribution proposition and fits with our ambition to be the leading pension provider in the Netherlands. With its modern customer portals and dynamic lifecycles combined with Zwitserleven PPI's high-quality, sustainable products and excellent returns, we are building a powerful combination that will allow us to offer employers a modern, flexible and sustainable pension scheme, well positioned for the new pension agreement," Jan de Pooter, Athora Netherlands CEO.
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